Please check you have enabled the extension in the file: extensions/defaultExt/config/extension.php by setting 'enabled' => true,
Run php bin/console cache:clear from the root directory of suitecrm files/folders
$extensions['defaultExt'] = [
'remoteEntry' => '../extensions/defaultExt/remoteEntry.js',
'remoteName' => 'defaultExt',
'enabled' => true,
Can you try without monitoring changes. Just run
yarn run build-dev:defaultExt from the root directory.